Jim O'Callaghan
Question:78. Deputy Jim O'Callaghan asked the Tánaiste and Minister for Justice and Equality when she will transpose the fourth European Union anti-money laundering directive 2015/849 into law. [20099/16]
View answerWednesday, 6 July 2016
Questions (78)
Written answers
The fourth EU Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing was published on 20 May 2015 and provides that Member States shall transpose this Directive by 26 June 2017.
The full implementation of this Directive will involve the development of new policies, operational structures and practices and this process involves a range of Government Departments and other stake-holders in developing and bringing forward a number of legislative and non legislative measures. While other Departments are developing legislation relevant to their areas of responsibility, my Department has responsibility for bringing forward the necessary amendments to the relevant criminal justice legislation in this area and work on these aspects of the transposition are ongoing.